Exxon 2013 Annual Report Download - page 33

BUSINESS OVERVIEW
Oil and natural gas are expected to continue to play a leading role in meeting the world’s growing demand for energy.
In fact, oil and natural gas are projected to be the world’s top two energy sources accounting for approximately
60 percent of global demand by 2040, up slightly from today.
Demand for oil and other liquid fuels is forecast to increase by about 25 percent from 2010 to 2040. Meeting this
demand will require replacing normal conventional resource decline while also increasing production from deepwater,
tight oil, oil sands, and natural gas liquids. Global demand for natural gas is likely to increase by about 65 percent by 2040.
About 65 percent of the growth in natural gas supplies through 2040 is expected to be from unconventional sources,
which will account for one-third of global production by 2040. Meanwhile, liquefied natural gas (LNG) volume is
expected to triple by 2040, contributing approximately 15 percent of global gas supply. Meeting the world’s growing
demand for energy presents a tremendous challenge that will require a long-term view, significant investment, and
continuing innovation to develop conventional and unconventional resources.
ExxonMobil is well positioned to meet this challenge while delivering sustained, long-term value for our shareholders
through the disciplined execution of our Upstream strategies across exploration, development, production, natural
gas and power marketing, and research activities. We begin by identifying and selectively capturing the highest-quality
resources, testing for technical and commercial quality as well as materiality. We then apply a disciplined approach to
investing and cost management. Proven project management systems incorporate best practices developed from our
extensive worldwide experience to rigorously manage our global project portfolio from initial discovery to start-up.
We have a steadfast commitment to develop and apply high-impact technologies in areas such as subsurface imaging,
reservoir modeling, and well completions. This enhances our ability to find, efficiently develop, and produce new
resources from some of the most challenging reservoirs. These technologies also enable us to improve the economic
performance of our existing assets.
We apply robust operating and risk management systems to maximize the profitability of our existing oil and gas
production. Over the last five years, our operated-facility downtime has been close to 25-percent better than fields
operated by others in which we hold an interest, which equates to approximately 39 thousand net oil-equivalent
barrels per day.
With our detailed knowledge of global energy markets, we are also able to capitalize on growing natural gas and
power markets. In 2013, we sold more than 14 billion net cubic feet per day of gas across 35 countries including
participating in LNG operations that delivered more than 62 million tonnes to global markets. Our industry leadership
in the application of cogeneration technology enables the capture of additional value by increasing efficiency and
reducing emissions.
Our Upstream strategies, supported by a relentless focus on effective risk management, safety, and operational
excellence, are designed to deliver superior results through the long term.
(millions of oil-equivalent barrels per day)
Global Liquids Supply by Type
Conventional Crude and Condensate
Oil Sands
Deepwater
Tight Oil Other Liquids BiofuelsNGLs
120
100
80
60
40
20
02000 2010 20302020 2040
Source: ExxonMobil, 2014 The Outlook for Energy: A View to 2040
Eric Whetstone • Whetstone Design
EDITOR
Julio E. Tamacas • Investor Relations
Exxon Mobil Corporation, Irving, TX
Office: 972.444.1135
Carol Zuber-Mallison • ZM Graphics, Inc.
studio/cell: 214-906-4162 • fax: [phone]
ATTENTION: OWNER
thoroughly proof the nal artwork, not
VERSION
APPROVED BY
FILE INFO
LAST FILE CHANGE MADE BY
C F19A S31A 13XOM-
IN F&O ON PAGE
IN SAR ON PAGE
Includes link le
Eric Whetstone • Whetstone Design
EDITOR
Julio E. Tamacas • Investor Relations
Exxon Mobil Corporation, Irving, TX
Office: 972.444.1135
Cell: 972.249.8901
Carol Zuber-Mallison • ZM Graphics, Inc.
studio/cell: 214-906-4162 • fax: [phone]
ATTENTION: OWNER
thoroughly proof the nal artwork, not
VERSION
APPROVED BY
FILE INFO
LAST FILE CHANGE MADE BY
C F19B S31B 13XOM-
NatGasProd.ai
IN F&O ON PAGE
IN SAR ON PAGE
Includes link le
(billions of cubic feet per day)
Global Natural Gas Production by Type
Conventional Unconventional
600
500
400
300
200
100
0
Data as of 12/09/2013
2000 2010 20302020 2040
1/1/00 237.5 20.5
1/1/10 291.7 43.0
1/1/20 329.0 90.8
1/1/30 358.4 141.6
1/1/40 370.1 179.8
Source: ExxonMobil, 2014 The Outlook for Energy: A View to 2040
31